Richmond Investment Services LLC Raises Stock Holdings in Avantis Emerging Markets Equity ETF $AVEM

Richmond Investment Services LLC lifted its stake in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 4.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 137,310 shares of the company’s stock after acquiring an additional 5,599 shares during the quarter. Avantis Emerging Markets Equity ETF makes up approximately 1.8% of Richmond Investment Services LLC’s holdings, making the stock its 14th biggest position. Richmond Investment Services LLC owned about 0.05% of Avantis Emerging Markets Equity ETF worth $11,064,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AVEM. Bank of America Corp DE lifted its holdings in Avantis Emerging Markets Equity ETF by 1,271.2% during the second quarter. Bank of America Corp DE now owns 17,544,658 shares of the company’s stock valued at $1,202,511,000 after purchasing an additional 16,265,184 shares in the last quarter. Align Financial LLC purchased a new stake in shares of Avantis Emerging Markets Equity ETF in the fourth quarter worth $528,227,000. Kestra Investment Management LLC raised its position in shares of Avantis Emerging Markets Equity ETF by 3,618.9% during the 4th quarter. Kestra Investment Management LLC now owns 1,475,543 shares of the company’s stock valued at $113,646,000 after purchasing an additional 1,435,866 shares during the period. Maseco LLP bought a new stake in shares of Avantis Emerging Markets Equity ETF during the 1st quarter valued at $93,504,000. Finally, LPL Financial LLC lifted its stake in shares of Avantis Emerging Markets Equity ETF by 39.6% during the 4th quarter. LPL Financial LLC now owns 3,740,586 shares of the company’s stock valued at $288,100,000 after buying an additional 1,061,034 shares in the last quarter.

Avantis Emerging Markets Equity ETF Stock Performance

Shares of Avantis Emerging Markets Equity ETF stock opened at $92.59 on Wednesday. Avantis Emerging Markets Equity ETF has a fifty-two week low of $68.27 and a fifty-two week high of $100.83. The company has a market capitalization of $25.41 billion, a P/E ratio of 12.66 and a beta of 0.73. The company has a fifty day moving average of $94.56 and a 200 day moving average of $86.99.

About Avantis Emerging Markets Equity ETF

The Avantis Emerging Markets Equity ETF (AVEM) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that holds emerging-market stocks of all market capitalizations considered favorable on multiple factors. The fund seeks to provide capital appreciation. AVEM was launched on Sep 17, 2019 and is managed by American Century Investments.